KOSPI Surges More Than 5% in Early Trading, Reclaims 7,000 Mark... Buy Sidecar Triggered

[Financial News] KOSPI surged immediately after the market opened, triggering a temporary suspension of program buying quotes, known as a buy sidecar.
The Korea Exchange announced at 9:06 a.m. on the 22nd that it had triggered the buy sidecar. At the time, the KOSPI 200 Index futures stood at 1,139.30, up 58.46 points, or 5.40%, from the previous close.
A buy sidecar is a measure that suspends program buying quotes for five minutes. It is triggered when KOSPI 200 Index futures rise by at least 5% and the increase continues for one minute.
Meanwhile, KOSPI opened at 7,052.09, up 304.14 points, or 4.51%, from the previous trading day.

[email protected] Seo Min-ji Reporter